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Explanation to Bollinger's Bands

Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.

Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.

Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation

BandWidth defines the current width of the band.
%b defines the current position within the band.

BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)

Live Samples:

Bollinger Bottleneck Buy Pattern 1
Bollinger Bottleneck Buy Pattern 2
Bollinger Bottleneck Sell Pattern

Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.

Source: http://www.bollingerbands.com

RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of 000929.SZ
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Lanzhou Huanghe Enterprise Co.,Ltd. stock price ended at ¥6.30 on Thursday, after losing 0.474%.
(Updated on Jun 27, 2024)

Sell candidate since Jun 05, 2024 Loss -3.52% PDF

The Lanzhou Huanghe Enterprise Co.,Ltd. stock price fell by -0.474% on the last day (Thursday, 27th Jun 2024) from ¥6.33 to ¥6.30. During the last trading day the stock fluctuated 4.15% from a day low at ¥6.26 to a day high of ¥6.52. The price has fallen in 6 of the last 10 days and is down by -5.41% for this period. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -209 thousand shares and in total, 3 million shares were bought and sold for approximately ¥15.90 million.

The stock lies in the middle of a very wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -12.44% during the next 3 months and, with a 90% probability hold a price between ¥4.56 and ¥6.94 at the end of this 3-month period.

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000929.SZ Signals & Forecast

There are mixed signals in the stock today. The Lanzhou Huanghe Enterprise Co.,Ltd. stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at ¥6.39 and ¥7.11. A break-up above any of these levels will issue buy signals. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements. A buy signal was issued from a pivot bottom point on Monday, June 24, 2024, and so far it has risen 1.94%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD).

Support, Risk & Stop-loss for Lanzhou Huanghe Enterprise Co.,Ltd. stock

Lanzhou Huanghe Enterprise Co.,Ltd. finds support from accumulated volume at ¥6.21 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved ¥0.260 between high and low, or 4.15%. For the last week, the stock has had daily average volatility of 5.23%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (000929.SZ) For The Upcoming Trading Day Of Friday 28th

For the upcoming trading day on Friday, 28th we expect Lanzhou Huanghe Enterprise Co.,Ltd. to open at ¥6.36, and during the day (based on 14 day Average True Range), to move between ¥5.79 and ¥6.81, which gives a possible trading interval of +/-¥0.508 (+/-8.06%) up or down from last closing price. If Lanzhou Huanghe Enterprise Co.,Ltd. takes out the full calculated possible swing range there will be an estimated 16.13% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at ¥6.21 (1.43%) than the resistance at ¥7.07 (12.22%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Lanzhou Huanghe Enterprise Co.,Ltd. stock A Buy?

Lanzhou Huanghe Enterprise Co.,Ltd. holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.

Current score: -2.325 Sell Candidate Unchanged

Predicted Opening Price for Lanzhou Huanghe Enterprise Co.,Ltd. of Friday, June 28, 2024

Fair opening price June 28, 2024 Current price
¥6.36 ( 0.95%) ¥6.30

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for 000929.SZ

Fibonacci Support & Resistance Levels

Level Price
R3 6.62 5.08%
R2 6.52 3.50%
R1 6.46 2.53%
Price 6.30
S1 6.26 -0.624%
S2 6.20 -1.60%
S3 6.10 -3.17%

Accumulated Volume Support & Resistance Levels

Level Price
R3 7.85 24.60%
R2 7.62 20.95%
R1 7.07 12.22%
Price 6.30
S1 6.21 -1.43%
S2 6.18 -1.90%
S3 6.12 -2.86%

000929 Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Jun 26, 2017 Jun 26, 2017 Jun 26, 2017 ¥0.0660 0.472%
2 Jun 13, 2014 Jun 13, 2014 Jun 13, 2014 ¥0.0300 0.368%

FAQ

What is the symbol for Lanzhou Huanghe Enterprise Co.,Ltd. Stock and on which exchange is it traded?
The symbol for Lanzhou Huanghe Enterprise Co.,Ltd. is 000929.SZ and it is traded on the SZCE (Shenzhen Stock Exchange).

Should I buy or sell Lanzhou Huanghe Enterprise Co.,Ltd. Stock?
Lanzhou Huanghe Enterprise Co.,Ltd. holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.

How to buy Lanzhou Huanghe Enterprise Co.,Ltd. Stock?
Lanzhou Huanghe Enterprise Co.,Ltd. Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Lanzhou Huanghe Enterprise Co.,Ltd. Stock.

What's the current price of Lanzhou Huanghe Enterprise Co.,Ltd. Stock?
As of the end of day on the Jun 27, 2024, the price of an Lanzhou Huanghe Enterprise Co.,Ltd. (000929.SZ) share was ¥6.30.

What is the 52-week high and low for Lanzhou Huanghe Enterprise Co.,Ltd. Stock?
The 52-week high for Lanzhou Huanghe Enterprise Co.,Ltd. Stock is ¥10.53 and the 52-week low is ¥4.82.

What is the market capitalization of Lanzhou Huanghe Enterprise Co.,Ltd. Stock?
As of the Jun 27, 2024, the market capitalization of Lanzhou Huanghe Enterprise Co.,Ltd. is 1.17B.

When is the next earnings date for Lanzhou Huanghe Enterprise Co.,Ltd.?
The upcoming earnings date for Lanzhou Huanghe Enterprise Co.,Ltd. is May 09, 2025.
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About Lanzhou Huanghe Enterprise Co.,Ltd.

Lanzhou Huanghe Enterprise Co., Ltd produces, processes, and sells beer, beverages, barley, malt, and forage. It is also involved in the agricultural, investment guarantee, and packaging and printing businesses. The company was founded in 1993 and is based in Lanzhou, China.... 000929.SZ Profile

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